10 Worst States For Starting A Business
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Maine is 47th. Keep electing the economically challenged.
"Maine has so much scenic beauty," says Kerrigan, "but scenic beauty can't compensate for high taxes." Starting a business in the state could be as rocky as its coastline Property taxes are the second worst in the nation, and personal income and capital gains taxes are also amongst the highest. On the plus side, Maine boasts a highly skilled population.
http//money.cnn.com/galleries/2007/fsb/0711/gallery.Bottom10BestStates.fsb/5.html
You will note that all the worst are liberal hell holes.
Nice catch, Angler. It's funny how we have a skilled work force as a bonus when we need a cover up for our crappy economy, but when the collection plates are passed around we're devoid of anyone with a degree.
I'm usually skeptical of surveys, which can be misleading at times. But speaking from personal experience, I found out that starting a business in this state is indeed cumbersome. I couldn't believe the number of fees and the amount of paperwork associated with forming a simple, two-person LLC.
n light of this current ranking, I wonder what will happen to us if/when John Richardson becomes our next governor? Since he's the current Commissioner for the Dept. of Economic and Community Development, and appears to be using some of our tax dollars to pave-the-way for his campaign, it's only a matter of time before we claim another #1 "worst state" title.
It's time for some serious changes in Augusta...but few legislators seem willing to embrace this concept. Sad but true!
n light of this current ranking, I wonder what will happen to us if/when John Richardson becomes our next governor? Since he's the current Commissioner for the Dept. of Economic and Community Development, and appears to be using some of our tax dollars to pave-the-way for his campaign, it's only a matter of time before we claim another #1 "worst state" title.
It's time for some serious changes in Augusta...but few legislators seem willing to embrace this concept. Sad but true!
I was recently at a business meeting where John Richardson spoke and he actually said that the problem is that we need to have a better attitude for things to get better. I couldn't believe what I was hearing. Of course the next speaker was Bill Becker who explained what the real problems were facing small business.
Legal fight erodes appeal of Poland Spring's plan for bottling plant
When Fryeburg denied the company a permit, it may have reflected residents' growing disenchantment
A highly skilled worker does not always mean a highly educated worker.
Bud
The Labor Committee did its share yesterday to destroy our economy. We voted to require employers of 25 or more to give employees 9 days of paid sick leave.
Next week the minimum wage.
At this rate it won’t be long before working people can’t afford to live in Maine.
Doug
Is that 25 Full Time employees? Partime or seasonal?
Damn, 9 days of sick pay, looks like this businessman would have to pay minimum wage or not keep full time employees.
That is aweful, especially if a company has PTO (PaidTimeOff) Vacation.sick/other
Ed
Maine Leads List Of The Worst States For Business (#1 again or should I say # 50)
For the third straight year Maine ranks No. 50 in Forbes seventh annual Best States for Business.
The full Forbes article should be required reading for all Maine legislators and educators. Thanks for posting it. Merry Christmas.
Can't wait for this to be on the front page of the PPH
It might not just be politics. Toward the bottom of the article Mike Beardsley posted, Forbes says:
The businesses that are located there are not very efficient. Gross state product per employee is a proxy for the productivity of a state and Maine’s $87,000 of economic activity per employee beats only West Virginia and Montana. A bigger issue is that productivity has barely improved the past five years. The 0.2% growth in GSP per employee is the worst in the U.S.
Dale, good post
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:shock:
That's not what we hear from the tweed coat folks and those in Augusta... we keep hearing that we need more college grads in order to attract business (so send me more money).